A Trade A Day

Before going any further, if you are not familiar with the futures market, there’s a rule you should be aware of. The rule is: “To make small fortune in the futures market, start with a large one”.

I’m not sure where that quote originated, but it is more true than not. The limit moves can be hazardous to your account. I still love to trade them. There’s just something about jumping up on my desk and yelling “Soy, soy, soy!!!” that gets me going.

In all seriousness, there are alot of opportunities to make money. I just stay small and stay liquid. If I were going to learn to trade futures, I would stick with the most liquid electronic markets I could find (e-minis). So unless you are an experienced futures trader and your account can handle large price swings, sit this one out.

Check out what’s going on in Lean Hogs right now…

I’m thinking if the contract can drop past the 69.3 area you’re looking at the 67.000 level and then the 63.000 area.

In stocks FTEK is no longer a valid trade as the price has smashed through my stop.

In forex, the EUR/USD trade has setup.

See you tomorrow.

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